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Circumstances in Which a Buyer May Terminate a TREC Contract

On occasion, a buyer of property under a Texas Real Estate Commission (TREC) contract will want to terminate the contract. This article will look at various provisions in the one-to-four family residential contract and related addenda under which a buyer may find a convenient way out of the contract. Read …

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Know Your Rights Under the Fair Credit Reporting Act

As a real estate professional, the granting or denial of credit to your clients is of extreme importance to you professionally. Denial of credit to a buyer attempting to purchase a home is usually fatal to the transaction. It is therefore in your interest to have a basic understanding of …

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Termination of Agency & Listing Agreements

There is a substantial amount of confusion and misinformation regarding early termination of listing agreements without cause. Much of the confusion—and a fair amount of consternation—has been caused by a reference to the law of agency contained in ethics course material published by the Texas Real Estate Commission (TREC). Read …

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Understanding The Risks of Seller Financing

In a down real estate market, sellers may be required to provide some or all of the financing to sell their property. This article will explore some of the risks of first lien seller financing, second lien seller financing, and wrap-around financing. Read more.

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